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A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse. A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over…
Pump.fun has yet to confirm or deny rumors of a $1 billion token sale and 10% airdrop, but the community is split on whether the potential launch would help or harm the crypto space. Solana-based memecoin launchpad Pump.fun is rumored to be preparing for a $1 billion token sale at a $4 billion valuation. On…
Vitalik Buterin said there are ways Ethereum can function as a financial fallback in times of instability through hardware solutions. As Sweden rethinks its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented for decentralized payment alternatives. In recent years, Sweden has led the…
” Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report “ Europe could lead the world in developing the Internet of Things (IoT) by harnessing the potential of stablecoins, the Digital Euro Association argues in a new report. Machine-to-machine (M2M) payment is a field poised for growth, and stablecoins, in particular, offer advantages…
” Australian central bank to launch ‘live pilot’ of CBDC in coming months “ Australia’s central bank is set to launch a “live pilot” of a Central Bank Digital Currency (CBDC) “in the coming months,” according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial…
” Coinbase hit with proposed trademark lawsuit over Nano derivative products “ Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement. In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged…
” Binance CEO: crypto industry will probably move to non-dollar stablecoins “ The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”…
” Coincover secures $30 million in funding to strengthen digital asset security “ London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital. According to Coincover’s announcement, the funds will be used to scale its operations, drive recruitment, develop new…
” India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users “ The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 users, and 5,000 merchants since the Reserve Bank…
” China doles out millions in digital yuan in bid to boost adoption: Report “ Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup. According to a Feb. 6 report in the Global…